JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by Harbour Investments Inc.

Harbour Investments Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,095 shares of the financial services provider's stock after purchasing an additional 2,188 shares during the quarter. Harbour Investments Inc.'s holdings in JPMorgan Chase & Co. were worth $8,652,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $43,000. Collier Financial acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $45,000. Lowe Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 34.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock worth $48,000 after buying an additional 51 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $50,000. Finally, Legacy Investment Solutions LLC purchased a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the transaction, the chief operating officer now owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,848 shares of company stock valued at $19,987,908. Corporate insiders own 0.79% of the company's stock.

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JPMorgan Chase & Co. Trading Down 1.1 %

NYSE JPM traded down $2.68 during mid-day trading on Thursday, hitting $248.35. The company's stock had a trading volume of 8,014,093 shares, compared to its average volume of 8,884,992. The firm has a market capitalization of $694.41 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The stock's fifty day simple moving average is $257.99 and its two-hundred day simple moving average is $240.06.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.37%.

Wall Street Analyst Weigh In

JPM has been the topic of several research reports. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research report on Thursday, January 16th. Bank of America increased their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $215.00 to $220.00 in a report on Friday, March 7th. UBS Group increased their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.89.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.